Use PrecisionTree’s Sensitivity Analysis tools to perform the sensitivity analysis requested in problem 5 of the previous section. (Watch the Step 5 video in Figure 9.10 if necessary.)

Figure 9.10

A B E G. H 1 Bidding for a government contract 2 3 click the following buttons in the order shown to see videos of the steps in the analysis: 4 Step 1 Plan Decision Tree Step 2 Build Skeleton Step 3 Enter Values and Step 4 Examine Optimal Strategy Step 5 Perform Sensitivity Analysis 5 Read PDF Instructions More PrecisionTree 6. Examples Model of Tree Probabilities 7 8 Known inputs Cost of placing a bid 9 10 $7,500 Cost of completing project Probability of any competing bid(s 11 $150,000 12 75% 13 Probability distribution of low competitor bid (if any) Probability Assuming at least one competitor bid.. Our bid $160,000 14 Value Probability of winning 15 16 Less than $160,000 20% 80% 17 Between $160,000 and $170,000 40% $170,000 40% 18 Between $170,000 and $180,000 30% $180,000 10% 19 Greater than $180,000 10%